[PRESS RELEASE – Please Read Disclaimer]
Nairobi, Kenya, June 21, 2021 – UTU, a decentralized trust infrastructure provider building new models of digital trust via artificial intelligence and blockchain, has partnered with Ocean Protocol to launch its trust infrastructure on the Ocean Market.
Ocean Protocol is an ecosystem that unlocks the value of data. Data owners and consumers use the Ocean Market app to publish, discover, and consume data assets in a secure, privacy-preserving fashion.
UTU’s trust infrastructure will create trust signals for each data provider, consumer, and dataset based on platform activity and user ratings and reviews. This will lead to increased trust and transparency for Ocean Market and help users easily discover quality datasets from trusted data providers.
UTU and Ocean will also explore ways to share data between their protocols, including putting publicly-available, on-chain UTU data on the Ocean Market and purchasing datasets on the Ocean Market.
“Ocean Protocol’s mission is all about creating a trustless system for sharing data, so we’re very excited about our joint venture with UTU,” Manan Patel, Ocean’s Growth Accelerator noted. “It’ll allow good actors on Ocean Market to display the trust they’ve earnt in the marketplace, which in turn will incentivize others to trust those actors again and again – a virtuous cycle of transparency and trust without centralized intermediaries.”
Jason Eisen, UTU’s Co-founder and CEO, agreed: “UTU and Ocean Protocol share the beliefs that 1) data is a new asset class and 2) data privacy is of utmost importance. We’ve studied their data models in the past and are impressed by the ecosystem that they’ve built. This is why we’re so excited to partner with them to increase trust in their data marketplace and facilitate data sharing between our platforms in a privacy-preserving way.”
UTU is building the trust infrastructure of the internet to help businesses and consumers engage and transact in an easier, safer, and more trustworthy way.
Our AI-based API products collect and analyze data to create trust signals and personalized recommendations that help consumers and businesses make the best decisions for their situation. The UTU blockchain protocol rewards users for trustworthy actions and compensates them for sharing their data in a privacy-preserving way.